Malaysia’s only casino is in the political crosshairs as an Islamic party calls for its closure
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 16 2024
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Source: Yahoo Finance
Threat to Genting Casino: The Resorts World Genting, Malaysia's only casino, faces potential closure due to the rising influence of the Islamic political party PAS, which opposes gambling as harmful and seeks to appeal to the Muslim majority in the country.
Political and Economic Implications: While PAS controls several states and aims to capture Pahang, where the casino is located, any closure would require federal government support, complicating the legal landscape. The casino generates significant revenue for the Malaysian government, making its future a contentious issue in local politics.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
